Economy & Markets
The important economic and stock market news that advisors need to know.
Top 7 Reasons Dodd-Frank Is Working: Treasury
By Melanie WaddellA Treasury official laid out on Thursday the reasons why the Obama administration believes the Dodd-Frank Act is providing a sound foundation to get the economy back on track.
July 18, 2012
BofA Nets $2.5 Billion; Wealth Unit Up 5.5%The wealth management unit that includes Merrill Lynch reported Q2 net income of $543 million versus $513 million a year ago, up 5.5%.
July 18, 2012
BNY Mellon Profits Off 37% on Lawsuit Costs, but Pershing Is a Bright SpotBank of New York Mellon's Q2 earnings were down due to costs from an investor lawsuit, but the clearing services unit that includes Pershing Advisor Services helped slightly offset that profit loss.
July 18, 2012
Housing Starts Rise, but Watch for Housing StopsWhile Wednesdays housing-starts data suggest a possible comeback in the battered sector, a new study of trends among older Americans suggests that housing stops are a factor once Americans hit 75.
July 18, 2012
Inactivity “killing as many as smoking” (BBC)Researchers findings, recently published in the Lancet, estimate roughly one-third of adults are not active enough and that it is causing 5.3 million deaths per year
July 18, 2012
The Dow and 7 Days of DisasterDisasters affect financial markets from Pearl Harbor to Fukushima, but what role does human behavior play in market successes and failures?
July 18, 2012
Slowing Economy to Hit China Jobs; South Korean Banks Investigated for Rate-RiggingThe global economic slowdown is taking its toll in Asia, which has also proved it is not immune to financial scandal.
July 17, 2012
Good for Consumers, Bad for the MarketsHow will consumers react when merchants can offer discounts to customers paying with cash, and impose fees on those paying with credit?